Deutsche Bank
DBK
Delayed Frankfurt - 12/14 05:35:00 pm
16.365EUR
-0.94%

The technical configuration is deteriorating

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 12/06/2017 | 09:16

short sell
Stop-loss triggered

Entry price : 15.8€
Target : 13.22€
Stop-loss : 16.35€
Potential : 16.33%

Technical indicators currently hint at a trend reversal to the downside. As a result of this situation, new short positions could be open on the share Deutsche Bank.
Weaknesses

● The stock is close to a major daily resistance at EUR 16.7, which should be gotten rid of so as to gain new appreciation potential.

● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.

● Most analysts agree on a negative opinion with regard to the stock. Indeed, the average consensus issues recommendations to underperform or sell.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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